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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (318)	10/25/2001 4:56:21 PM
From: russwinter	Read Replies (2) \| Respond to of 39344

I've been having some interesting exchanges with various people at several juniors of late. I've been pushing what seems to be an "out of the box" track with them. I'm challenging them to start coming up with ways to enhance shareholder value, and close the big public versus private market value gap. In other words when you have lemons (no functioning public market), make lemonade (create a market via an exit strategy). We should really be questioning our ownership in any company that just thinks it's business as usual. To be honest, the thinking seems to fit the following categories, and I'm naming no names: 1. We are doing OK relative to the genre. Translation: we are all acutely ill. 2. All we need is $300 POG. Oh? My challenge in many cases: we had a brief post-911 rally to near there, and your stock hardly moved. And once we had a ten dollar POG retracement, you gave up everything and more. 3. My challenge: Are small, undercapitalized juniors the right model? Shouldn't you be building some critical mass? Maybe going toward the missing mid-tier class? Answer: We are an exploration company, and just do our thing. Share price, will just follow suit if we hit. Oh? and finally: 4. Why aren't you embarked on an aggressive exit strategy? Answer generally is that there is no market for gold or metal assets, even the top quartile ones I'm focused on. Majors don't even know what they will be doing in 12 months. They are in a state of shock. There are certainly no outside industry investors either. I'm finding it disconcerting, how many people in this industry (big, little and in between) are just muddling along, with no real masterplan other than praying for salvation. Nothing creative in terms of action has come from any quarter. In reality of course the whole sector is collapsing. What are other people hearing. Know of any companies making lemonade.